Economy

Tehran, Ankara review ways to widen bilateral ties

Iranian and Turkish officials in a meeting reviewed ways to share experiences in various economic issues and widen relations in tourism, cultural and investment areas.

Iran to Host 65 International Exhibitions

Iran plans to host 65 international exhibitions and 7 local ones in the current Iranian calendar year, which started on March 21, 2016.

Iran, Iraq to seal gas oil deal

The contract for exporting two million tons of gas oil to Iraq will soon be inked to turn the neighboring country into largest buyer of the Iranian oil product.

Export of Caviar to the US and Canada to be Resumed

Iran is to resume export of caviar to America and Canada this year and search for new customers.

Minister: Iran hopeful about WTO membership

Iran is optimistic about its membership in the World Trade Organization (WTO), Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh said in this southern province.

Iran Facilitates Tax Conditions for Foreign Investors

Iran has passed laws giving tax exemptions for five years to foreigners making investments in Iran, said Deputy Head of the Iranian Trade Development Organization Sadeq Ziyaie-Bigdeli.

Shafei: Improving business environment key to economy of resistance

Internal economic problems should be removed and business environment improved in order to materialize Iran’s economy of resistance, said Deputy Head of Iran's Chamber of Commerce here Wednesday.

Taiwan Lifts Visa Restrictions for Iranian Applicants

The Taiwanese government announced it has lifted visa restrictions for Iranian applicants to travel to the Asian island. Furthermore, it will increase its oil purchases from Iran.

Iran inks agreements with foreign pharmaceutical companies

Iran has signed agreements with major drug producing companies for medicine production, said Head of Iranian Drug Producers Association Naser Riyahi.

Italian PM to Visit Iran on April 12-13: Report

Italian Prime Minister Matteo Renzi is scheduled to pay a two-day visit to Tehran this month, a report said.

Iran, Austria ink 2bn euro deals for cooperation

Iranian and Austrian private sectors will work on seven contracts, worth two billion euros,dealing with a number of agricultural and development projects.

‘Germany’s VW close to Iran auto deal’

Iran said that Germany’s auto giant Volkswagen is expected to seal a deal with an Iranian partner in the near future to invest in the country’s car industry.

EU banks start re-engaging with Iran

European banks have reportedly started to re-engage with Iran after over two months from the removal of sanctions against the country.

Iran, Turkey to trade with national currencies

Deputy industry minister has announced the possibility of Iran-Turkey trade using Rial and Turkish Lira currencies.

Iran has established relations with new European banks

After announcement of 'Implementation Day' of the nuclear deal in January, Iran has established banking relations with new European banks in Italy and Austria, a senior banking official said here Monday.

Rouhani: Iran’s trade surplus positive for first time in 37 years

President Hassan Rouhani said here on Monday that Iran's trade surplus for a period of 12 months starting March 21, 2015 turned positive for the first time in almost 37 years.

Official: US hindering Iran’s recovery

A senior nuclear negotiator says Iran’s return to normal business will take time after the lifting of sanctions but US hindrances are making it difficult.

Iran’s trade surplus positive for 1st time in 37 years

The latest official figures show that Iran’s trade surplus for a period of 12 months starting 21 March 2015 turned positive for the first time in almost 37 years.

P&I provides larger liability support for Iran oil imports

As Iran is moving ahead with a promised rise in its oil exports, indications are appearing that the international businesses are trying to ease the flow of the Iranian oil to markets.

Minister Highlights Resolve to Pursue Resistance Economy Guidelines

Iran's Minister of Economic Affairs and Finance Ali Tayyebnia sent a letter to Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei, pledging a hard push to carry out plans on ‘Resistance Economy’ in the New Persian Year.

Iranian banks apply to operate in Turkey

The media in Turkey have reported that two Iranian lenders are planning to do business in the Turkish market – a move which is being praised for its potential positive effect on the country’s investment rating by international institutions.

First Iran cargo ship docks at Hamburg

Iran this past week resumed trading with the West when a container ship belonging to one of its key shipping companies docked at Hamburg.

Iran says regained lost oil market share

Iran says it has already been able to regain the share of the oil market that it had lost as a result of multiple years of draconian sanctions.

Iran financial policies focus on 3 key economic variables

Since removal of anti-Iran sanctions in January, the Iranian government's financial policies have been aimed at cotrolling three major variables of macroeconomy, deputy governor of the Central Bank of Iran (CBI) announced on Thursday.

SWIFT open to four more Iranian banks

Iran’s media reported on Thursday that four more of the country’s banks have been reconnected to SWIFT, the global provider of secure financial messaging services.

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